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Insurance Coverage Attorney in Chicago, IL

Allianz Aug 14,2017 Jul 23,2017 Location USA Chicago IL
This job is expired...

In-House

Attorney

Insurance Coverage

5-7 yrs required

Profile

Complex Claims Analyst- Laywers,Cyber, Media & Tech E&O The candidate will proactively investigate, evaluate, and negotiate high exposure Lawyers, Cyber, Media and Tech E&O claims, involving complex issues and/or litigation. Ensure claims handled within authority limits, and in line with company Claims Standards, procedures and guidelines. Drive third party service providers to achieve economical results and to provide a high quality service to all internal and external customers. Handle training and development of team and technical referral point for other Claims Handlers. Develop and maintain strong relationships with brokers and insureds. Input and maintain accurate claims records for designated accounts, within appropriate company Claims administration systems. Manage timely production of management information reports (e.g. monthly major claims movements) and proactively identifying loss trends. Investigate and Reserve Claims. Investigate high exposure domestic and international claims that involve complex issues and/or litigation - requires qualified legal analysis. Evaluate and address coverage issues. Analyze facts and ensure timely and appropriate reserving levels. Negotiate and resolve high exposure, complex claims ensuring cost effective, service orientated solutions. Drive effective subrogation processes. Ensure all claims handled within authority limits, and in line with company Claims procedures and guidelines. Refer cases outside of authority level, preparing referral documentation and materials as appropriate. Support establishment of claims management procedures on new business accounts in association with clients, brokers and internal business partners. Undertake audits of external service providers as appropriate. Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary). Proactively liaise with MMC on market management initiatives. Attend industry functions. Positively represent the company externally to the market. Proactively drive involvement of functional areas in Claims handling process, e.g. Underwriting, MMC, ARC, Operations. Effectively report and present complex and contentious loss and claims information internally and externally. A degree in Law, or other appropriate discipline preferred. Completion of professional insurance qualification required. 5 – 7 years: Specialized understanding of Lawyers, Cyber, Media and Tech E&O products and portfolio with technical specialist knowledge; Specialized understanding of regional / local Lawyers, Cyber, Media and Tech E&O insurance markets and competitor landscape; Recognized relationship building with brokers at peer group level required. Good understanding of legal and regulatory framework and experience in working in complex, global matrix organization required. Knowledge of claims handling process from notification to settlement and recovery required. Claims experience in the designated lines of business, but willing to consider candidate with the desire and ability to be cross trained to effectively handle the designated lines preferred. Deadline: September 30, 2017

Additional info

Job ID: AGCS-4928056-2

Company info